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Thread: Economy shrinks for first time in 3 1/2 years[W: 395]

  1. #51
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by sawyerloggingon View Post
    I am doing fine, my X employees not so much.
    By fine, do you mean, your take home pay has increased dramatically?
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

  2. #52
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Tucker Case View Post
    Yes, money hoarding.



    They might as well for all the value it brings to the US economy if they hoard it. A common location for some of that money are foreign investments and foreign banks. Does that help the US economy? Nope.



    Bully for you. But that doesn't mean that what others make doesn't affect the economy. It just means you don't care about it.



    Cool beans.



    Of course. Boycotting is a great way to not personally contribute directly to the hoard. Doesn't change the fact that money hoarding negatively impacts the economy, though.




    You're proving my point here. Wages and benefits paid to the workers do this. I.E. money distributed to many people who will then SPEND that money.

    Thus, wage freezes hurt the economy, especially when they are done in conjunction with increased profits which are hoarded among the few who already have plenty and thus, do NOT spend that money.





    No, they aren't bad. money hoarding is bad, though. If profits increase, and only a few people see dramatic increases in their wealth while the majority stagnates, that is a bad thing.



    A crime that's been going on since Reagan.

    But I'm curious as to why are you complaining about the size of the deficit in a thread supposedly about the recent decrease in the economy? You realize that the article you posted cites the steps taken to decrease that deficit as the cause of the decrease in the economy, right?
    Sorry, but in a 15 trillion dollar economy I don't see money hoarding by anyone in the top 1% a serious problem if such hoarding exists. All I do see are millions of Americans buying the big govt. philosophy and attacks on individual wealth creation. That really is nothing more than a diversion away from accepting personal responsibility for one's own poor choices.

    Unlike many here I understand that raising taxes affects economic growth and that a negative growth impacts not only personal income but also govt. revenue and that adds to the deficit that 51% of the income tax paying income earners are funding.

    Until the people of this country demand that the Federal Govt. stop spending 3.8 trillion dollars a year, puts some fiscal responsibility back into our economy and forces people to accept personal responsibility for their poor choices this country is headed into a death spiral. By they way the last Reagan budget was 1 trillion dollars. Now inflation didn't increase that four times, Obamabots helped in that process.

    I have been told in this forum that I really am not that smart so that being the case if I can be successful and I was, then all those other brilliant people here whining about how much someone else makes or pays in taxes and how evil corporations are shouldn't have any problem doing better than I did.

  3. #53
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Conservative View Post
    All that so called wishful thinking if not implemented will lead to the total destruction of this country. You cannot spend and tax your way to prosperity. We have a systematic problem in this country, the entitlement mentality. Yes, people have been forced to put money into SS, money that was promised them in the future that the govt. spent on everything other than SS. SS and Medicare have to be funded but to do so they have to be first taken off budget.

    This country is headed over the fiscal cliff and the answer isn't taxing the rich, printing or borrowing more money, it is making tough choices. No one is going to vote for the people who want to take on those entitlement programs but that is the only way this country is going to survive.
    No. It survives buy engaging moderate reductions in the size of government over a set period of years, WHILE maintaining the same level of tax income. How can this work? By inducing economic growth. How do we induce economic growth in a consumer based economy? By increasing consumption. How do we increase consumption? Put the tools for consumption (money) into the hands of those that consume the most...

    Who is going to consume more, one family of four with 10 million bucks, or or 10 families of four with 1 million each? The answer is obvious. So, how do we make that happen? How do we make it so that more families have more disposable income? Give government mandated raises? Hasn't worked once. So how about reduce the tax liability of the many, by increasing the tax liability of the few? Wrong? Sure. Immoral. But it works, and the argument can be made that by increasing those taxes, we also increase the overall profit margins of those suffering from that tax increase.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Tucker Case View Post
    Those things do affect everybody, though. Money hoarding by a small portion of the population has a negative impact on the overall economy for the same reason that decreasing federal spending does.

    To explain: $10,000,000 given to one person probably will not get spent within a year or even 10, but $10,000,000 given to 10,000,000 people will probably get spent dozens of times over in a year. In the first scenario, the 10 mil is effectively out of the economy. It's not being used to purchase goods or services. In the latter scenario, that money is continually being used to purchase goods and services though. It's transferring hands over and over again. It benefits many more people.
    They aren't hiding the money under a pillow

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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Conservative View Post
    Sorry, but in a 15 trillion dollar economy I don't see money hoarding by anyone in the top 1% a serious problem if such hoarding exists.
    What you see is irrelevant to the issue. Money hoarding has a negative impact on the economy.

    I have been told in this forum that I really am not that smart so that being the case if I can be successful and I was, then all those other brilliant people here whining about how much someone else makes or pays in taxes and how evil corporations are shouldn't have any problem doing better than I did.
    What kind of household did you grow up in? What kind of schools did you go to? What kind of resources did you have available to you while you were growing up?

    I'm curious, because intelligence has very little to do with success for most people, but those things are all major factors in economic success for most. I'm not sure why you think that intelligence would be the only factor involved.
    Tucker Case - Tard magnet.

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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Bronson View Post
    They aren't hiding the money under a pillow
    Who said they were?
    Tucker Case - Tard magnet.

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    Re: Economy shrinks for first time in 3 1/2 years

    Since it is none of my business what people do with their welfare check, it is none of your business what people do with their corporate welfare check

    People are sitting there waiting for someone to deliver a new Escalade with a box of cash in the back and an corporate gate pass on their dash. People are going crazy on gun control, but they won't get out of the recliner over economic policy. If people don't spend, corporate America won't produce. The reason low rate are not booming the economy is because the banking system is still broken. Unless you go after the banks, blaming the producers has the seriousness of Occupying Wall Street until you had to go home for Mom's free Thanksgiving Dinner.

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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by KevinKohler View Post
    By fine, do you mean, your take home pay has increased dramatically?
    When I was going strong I took a wage not much better than my employees and invested the rest in the company. Now I don't buy new equipment or pay wages, buy insurance like workmans comp, etc so I work less and make more than I did before. Fortunately I am semi old and by the time my equipment is worthless I will be too. If I was younger it would be a desperate situation but for me it is fine as I will want to reire about the same time my equipment gets to the point where it cost more to keep running than I make with it. As you can see though this is a death spiral situation for a company that wants a future.

  9. #59
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Fisher View Post
    Since it is none of my business what people do with their welfare check, it is none of your business what people do with their corporate welfare check

    People are sitting there waiting for someone to deliver a new Escalade with a box of cash in the back and an corporate gate pass on their dash. People are going crazy on gun control, but they won't get out of the recliner over economic policy. If people don't spend, corporate America won't produce. The reason low rate are not booming the economy is because the banking system is still broken. Unless you go after the banks, blaming the producers has the seriousness of Occupying Wall Street until you had to go home for Mom's free Thanksgiving Dinner.
    Sorry...you must of missed the memo...it's time to change your method of attack on the Occupy Wall Street Crowd. I'll do you a favor...here's the new attack via NY Post
    OWS protestors in NY more affluent - NYPOST.com

    The new attack isn't they need to get a job but they are too close to the 1% they are protesting.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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    Re: Economy shrinks for first time in 3 1/2 years

    The only real question that remains....is this intentional?

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